Transurban is an Australian company that operates in the Highway/Bridge/Tunnel Operators sector. The company was founded in 1996 and is headquartered in Melbourne, Australia. Transurban is one of the largest toll road operators in the world, with operations in Australia and North America. The company's mission is to provide safe, reliable, and efficient transport solutions to its customers.
Transurban is committed to decarbonisation and reducing its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions by 50% by 2025 and achieve net-zero emissions by 2050. To achieve these targets, Transurban is investing in renewable energy and energy-efficient technologies.
One of the ways Transurban is reducing its carbon footprint is through corporate energy procurement. The company has signed several corporate power purchase agreements (PPAs) to source renewable energy for its operations. In 2019, Transurban signed a 10-year PPA with the 80 MW Beryl Solar Farm in New South Wales, Australia. The agreement will provide Transurban with 100% of its energy needs for its Sydney toll roads. The company has also signed a PPA with the Murra Warra Wind Farm in Victoria, Australia, which will provide renewable energy for its Melbourne toll roads.
Transurban is also investing in its own renewable energy projects. The company has installed solar panels on the roofs of its tolling facilities and is exploring the potential for wind and battery storage projects. Transurban is also working with its partners to develop innovative solutions to reduce emissions, such as electric vehicle charging infrastructure and hydrogen fuel cell technology.
In addition to its renewable energy initiatives, Transurban is also focused on energy efficiency. The company has implemented a range of measures to reduce energy consumption in its operations, such as LED lighting, energy-efficient HVAC systems, and smart building management systems.
Transurban's commitment to decarbonisation is not only good for the environment, but it also makes good business sense. The company is reducing its exposure to volatile energy prices and is future-proofing its operations against potential carbon pricing and regulatory changes.
Transurban's sustainability strategy is aligned with the United Nations Sustainable Development Goals (SDGs), particularly SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action). The company's renewable energy and energy efficiency initiatives contribute to these goals by reducing greenhouse gas emissions and promoting sustainable energy practices.
Transurban's commitment to sustainability extends beyond its own operations. The company is also working with its suppliers and partners to promote sustainable practices throughout its supply chain. Transurban has developed a sustainability framework for its suppliers, which includes requirements for environmental and social performance. The company also works with its partners to promote sustainable transport solutions, such as public transport and active transport options.
In conclusion, Transurban is a leading toll road operator in Australia and North America, with a strong commitment to sustainability and decarbonisation. The company is investing in renewable energy and energy efficiency initiatives to reduce its carbon footprint and future-proof its operations. Transurban's sustainability strategy is aligned with the United Nations Sustainable Development Goals and the company is working with its suppliers and partners to promote sustainable practices throughout its supply chain.